CONNECTUP INSTITUTE

EIN: 852918250 501(c)(3) Community Improvement

SAINT PAUL, MN

Total Revenue
$638,171
Total Expenses
$529,780
Total Assets
$785,263
Net Assets
$581,766
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MN
Phone
6515059438
Tax Period
2024-01-01 to 2024-12-31

CONNECTUP INSTITUTE, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $638K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 17% operating margin.

Mission

The ConnectUP! Integrated Capital Fund ICF is a charitable fund that addresses the gap in access to $70M capital resources and networks to increase local BIPOC ownership of businesses in the Twin Cities Metro area. ICF provides early second-stage entrepreneurs with flexible and patient hybrid capital grants debt equity fractional executive FTE support and mindset coaching. ICF disrupts the traditional capitalist credit system which has failed Black and Brown entrepreneurs and is the ONLY woman-led fund driven by economic justice with wealth creation and restorative finance as its core values. -CEO Circles are small group learning sessions on a specific business topic facilitated by a culturally responsive subject matter expert. In each circle founders come together in working sessions to hack their most pressing business issues build fellowship and leverage collective wisdom. -The LevelUP! Digital Platform provides culturally grounded courses and toolkits

Program Service Accomplishments

Program 1
Expenses: $85,580 Revenue: $5,410

Capital Readiness provides training and and coaches to prepare entrepreneurs to be ready to access capital in the marketplace. Training includes business operations accounting and financial...

Read more

Capital Readiness provides training and and coaches to prepare entrepreneurs to be ready to access capital in the marketplace. Training includes business operations accounting and financial operations and marketing.

Program 2
Expenses: $123,048 Revenue: $20,737

Integrated Capital Fund provides access to capital to qualified candidates through loans and equity infusions.

Program 3
Expenses: $90,243 Revenue: $10,597

Lunar-works with startup businesses to train and ready them for the next steps in their organizational and financial development; providing them with next steps to access capital to expand their...

Read more

Lunar-works with startup businesses to train and ready them for the next steps in their organizational and financial development; providing them with next steps to access capital to expand their businesses.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $545,964
Program Service Revenue $89,611
Investment Income $0
Other Revenue $2,596
TOTAL REVENUE $638,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,298
Fundraising Expenses $47,554
Program Expenses $344,498
Other Expenses $215,482
TOTAL EXPENSES $529,780

Year-over-Year Comparison

2024 2023 Change
Revenue $638,171 $479,058 +0.3%
Expenses $529,780 $455,571 +0.2%
Net Income $108,391 $23,487 +3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
11
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$81,302
Total Directors
5
$0
Key Employees
1
$81,302
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Y Elaine Rasmussen President 40.00
Officer Key Emp Highest
$66,536 $14,766 $81,302
Leigh Lester Co-Chair Person 1.00
Officer Director
$0 $0 $0
Denise Butler Co-Chair Person 1.00
Officer Director
$0 $0 $0
Victor Jones Vice Chair 1.00
Officer Director
$0 $0 $0
Felicia DeSmith Treasurer 1.00
Officer Director
$0 $0 $0
Rebecca Blumenshine Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $638,171 $529,780 $785,263 $108,391
2023 $479,058 $455,571 $640,735 $23,487
2022 $650,425 $394,881 $403,927 $255,544
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CONNECTUP INSTITUTE with other nonprofits in Minnesota and across the country.